OREANDA-NEWS. Targa Resources Corp. announced its quarterly dividend on common shares and its quarterly dividend on its Series A preferred shares for the second quarter of 2016.

Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 91.00? per share, or $3.64 per common share on an annualized basis, for the second quarter 2016. The approved dividend is unchanged from the previous quarter and represents an increase of approximately 4% over the dividend for the second quarter 2015. This cash dividend will be paid August 15, 2016 on all outstanding common shares to holders of record as of the close of business on August 2, 2016.

Targa also announced today that its board of directors has declared a quarterly cash dividend of $23.75 per Series A preferred share. This cash dividend will be paid August 12, 2016 on all outstanding Series A preferred shares to holders of record as of the close of business on August 2, 2016.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products.